Storebrand AM: Adds to some alternatives but cuts hedge funds, forestry
Storebrand Asset Management has lifted its exposure to alternative investments, and the shift is likely to continue. But the relative composition of alternatives has changed, and the EUR 73 billion asset manager is considering adding another alternative building block to its portfolio.
Storebrand Asset Management -- the largest private asset manager in Norway -- has increased its overall exposure to alternative investments. The asset management business includes a branch in Sweden and SPP Fonder, both located in Stockholm.
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